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Michigan hospitals defend 340B discounts as reporters question drug markups
Summary
Michigan Hospital Association officials told the House Insurance Committee that the federal 340B drug-pricing program helps hospitals extend community programs and that hospital charges, payments and reimbursement are distinct concepts that the public-report analysis conflated.
The Michigan Health & Hospital Association told the Michigan House Insurance Committee on May 30 that the federal 340B drug-pricing program helps hospitals lower acquisition costs for outpatient medicines and fund community health programs, amid recent press reports that compared billed charges across hospitals.
Elizabeth Cutter, senior director for government and political affairs at the Michigan Health & Hospital Association, said hospitals use 340B savings to support community needs tailored to each locale, from $0 co-pay cancer care to sustaining rural labor-and-delivery units. "One of the hallmarks of the program...is it is not specific about how you use those savings, which means each of our individual members ... can reflect on their…
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